Associated British Foods plunges on Primark sales miss

Shares in Associated British Foods (LON:ABF) plunged after the conglomerate warned Primark’s like-for-like sales are expected to fall 3% in the fourth quarter to 12 September. For FY26, the group now expects adjusted earnings per share will be ahead of previous expectations. But adjusted operating profit is expected to be broadly ⁠in ​line with forecasts. … Continue reading Associated British Foods plunges on Primark sales miss